INDEPENDENT SCHOOLS CORPORATE TAX FND (EIN 274662958) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

JENNIFER CHERILLA

Phone

6023814542

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT SCHOOLS CORPORATE TAX FND, founded in 2011, is a small nonprofit in the Education sector that reported $577K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $922K exceeded revenue, resulting in a 60% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS AND GRANTS FOR PRIVATE SCHOOL TUITION TO STUDENTS (CONT'D ON SCH O) ATTENDING PRIVATE SCHOOLS IN ARIZONA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $505,000

Program Service Revenue $0

Investment Income $72,076

Other Revenue $0

TOTAL REVENUE $577,076

Expense Breakdown

Grants Paid $906,212

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $906,212

Other Expenses $16,078

TOTAL EXPENSES $922,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,076	$504,812	+0.1%
Expenses	$922,290	$513,940	+0.8%
Net Income	$-345,214	$-9,128	+36.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$347,655

Total Directors

$431,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROZ ABERO	SECRETARY/TREASURER	3.00	Officer Director	$0	$18,668	$210,541
JENNIFER CHERILLA	PRESIDENT	3.00	Officer Director	$0	$22,361	$137,114
WENDY KYSER	DIRECTOR	3.00	Director	$0	$7,082	$84,205

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$577,076	$922,290	$4,338,552	$-345,214
2024	$504,812	$513,940	$4,602,366	$-9,128
2023	$696,049	$916,537	$4,945,194	$-220,488
2022	$1,008,077	$916,430	$5,174,782	$91,647
2021	$1,878,314	$1,393,860	$5,056,485	$484,454
2020	$1,333,662	$896,843	$4,052,669	$436,819
2019	$899,158	$608,760	$3,571,329	$290,398

INDEPENDENT SCHOOLS CORPORATE TAX FND